$iShares Semiconductor ETF(SOXX)$ $Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ There might be a 200 SMA bounce on the daily, either right at it, slightly above or below, then one final rally to retest the 500-520 area before a collapse to 350-400. That hypothetical price action is what I'd be betting on.
Second scenario is straight down to 350-400, KOSPI crash style, but I'm leaning toward the first one.
$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ DCA near the 473-465 level looks strong for a scalp or day trade, maybe holding a day or two. The issue is RSI can stay very strong under 30 on the daily, and it can still waterfall from there.
Not financial advice.
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